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Ronaldo signs massive Nike renewal

Portuguese soccer star Cristiano Ronaldo has signed a major renewal to his deal with sportswear brand Nike, according to multiple reports.

Ronaldo, who earlier this month signed a new five-year contract with Real Madrid worth a reported US$453,000 per week, has signed a long-term endorsement with Nike that the he claims is “for life”.

According to the Daily Mail, the deal will be an increase on the US$ 17.5 million per year Ronaldo previously banked from the Oregon-based firm, and is more likely to be closer to the annual US$1 billion lifetime agreement in place with National Basketball Association (NBA) champion LeBron James.

Discussing the deal, Ronaldo said: “I look at this new contract for life. I have a great relationship with this brand, and I have great friends here in the company.

“This is my brand, and Nike are smart. They know how to pick the best one, so I’m happy because I am one of them. This is the best contract I have in my whole career.”